WASHINGTON (6/12/14)--Credit unions will lose a friend on Capitol Hill with Rep. Eric Cantor's Republican primary loss in Virginia Tuesday, said Credit Union National Association Executive Vice President of Government Affairs John Magill.
"Cantor had a veritable open-door policy for credit unions and our issues during his 13 years in the House. He addressed CUNA's Governmental Affairs Conference in 2009, 2010, 2013 and again this year and often noted credit unions' important role in helping their communities," Magill noted.
Cantor stepped down from the House Majority Leader position Wednesday after a surprise upset in which he lost the primary to Dave Brat, an economics professor at Randolph-Macon College in Ashland, Va. The election for Cantor's position will be June 19, according to GOP sources (CNN.com June 11).